Lutnick Talks EU Tech Rules, Nvidia H200 Chips, SCOTUS Tariff

President Donald Trump is considering whether to permit Nvidia Corp. to sell advanced artificial intelligence chips to China, with US Commerce Secretary Howard Lutnick indicating that Trump will make the final decision on this matter. This potential sale involves Nvidia's H200 chips, which are significant in the AI sector.

Commerce Secretary Howard Lutnick announced that the decision to authorize sales of Nvidia’s H200 artificial intelligence chips to China is currently awaiting President Donald Trump's approval. This move comes amid ongoing discussions about the implications of such sales on national security, as highlighted during Lutnick's appearance on Bloomberg Surveillance.

Amazon.com Inc. has revealed that its data center operations exceed 900 facilities across more than 50 countries, a significant expansion that highlights the company's growing infrastructure in response to increasing demand for cloud services and artificial intelligence applications.

Nvidia CEO Jensen Huang has dismissed concerns about an AI bubble, emphasizing the company's robust revenue growth and the increasing demand for AI infrastructure. In a recent earnings call, Nvidia reported a 65% profit increase to $31.9 billion, with quarterly revenue reaching $57 billion, driven by its focus on AI chips.

Anthropic has made a significant move by acquiring $30 billion worth of Azure cloud capabilities, which will enhance its multi-cloud deployment for Claude models. This acquisition is coupled with a $15 billion investment from Microsoft and Nvidia, marking a pivotal moment for the AI safety and research company.

Bloomberg’s Caroline Hyde reports on the recent volatility in markets driven by investor anxiety surrounding AI and cryptocurrency. OpenAI has partnered with Foxconn to design AI data center hardware in the US, while Cerebras CEO Andrew Feldman comments on the US approval for advanced AI chips to be sold to the Middle East.

Nvidia has announced that its NVLink Fusion technology will now integrate with Arm-based Neoverse CPUs. This development aims to enhance the deployment of GPUs in workstations and servers, particularly for hyperscalers and government entities, allowing for more efficient processing capabilities.

Meta is entering the power trading market to support its AI expansion, committing to long-term energy contracts to assist plant developers. This strategic move aims to bolster Meta's infrastructure as it continues to grow its artificial intelligence capabilities.